FTSE 100 movers: Miners recover after yesterday's sell-off
24th Jun 2011 14:40
Miners, on the whole, are wanted, recovering from the broad sector sell-off experienced on Thursday. Blue chips Antofagasta, Xstrata, ENRC, Rio Tinto, BHP Billiton and Randgold Resources are among the big gainers. Rolls-Royce is a high riser after it secured - along with Daimler - full control of
Read moreLondon close: Footsie finishes well below 5,700
23rd Jun 2011 16:39
The Footsie steadily declined to finish below the 5,700 level on Thursday after last night's message from the Federal Reserve which highlighted its caution over the economic recovery in the US. While also cutting his forecasts for US growth, Fed chairman Ben Bernanke signalled the end of its second
Read moreFTSE 100 movers: Miners unwanted as metals prices drop
23rd Jun 2011 16:14
Miners dominated the fallers of the FTSE 100 on Thursday afternoon as commodity prices took a tumble. Vedanta Resources, ENRC, Kazakhmys and Xstrata are among the top ten worst performers, tracking copper, gold and silver futures lower. Just five stocks are making gains, British Sky Broadcasting b
Read moreThursday newspaper round-up: People's bank, LSE, Debenhams
23rd Jun 2011 06:47
Every adult in Britain could be given RBS and Lloyds shares worth hundreds of pounds under plans being considered by the Treasury to create a "people's banking system", Nick Clegg revealed yesterday. The Deputy Prime Minister has written to George Osborne, the Chancellor, to ask him to look at propo
Read moreLondon close: Greek concerns weigh on financials
20th Jun 2011 16:43
The Footsie finished moderately lower on Monday afternoon as Greek debt crisis dragged on. Financials were among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the c
Read moreFTSE 100 movers: RBS leads financials lower
20th Jun 2011 16:01
Financials are among the fallers over concerns of a possible Greek default, as Europe's finance ministers remain at loggerheads over dishing out a chunk of the €110bn bailout money agreed last year for the country. RBS, Man Group, Hargreaves Lansdown and Schroders were the worst four performers as o
Read moreLondon close: Miners dominate fallers as global worries continue
16th Jun 2011 16:45
Global growth worries dampened the markets on Thursday as all but a few constituents on the FTSE 100 finished in the red. While the Footsie edged higher in the late afternoon, it still closed under the 5,700 level, a level not seen since mid-March. FTSE 100 closed down 44 at 5,699. A lack of clarit
Read moreLondon close: Glencore drags Footsie 1% lower
15th Jun 2011 16:39
The blue chip index slipped further into the red on the back of a poor start on Wall Street as economic data disappointed. US May consumer price index came in ahead of forecasts, rising 0.2%. While the Federal Reserve Bank of New York manufacturing sector index fell to a reading of -7.79, from 11.9
Read moreFTSE 100 movers: Glenore dismisses rumours, shares drop
15th Jun 2011 14:08
Glencore is the worst performing stock on the blue chip index as of Wednesday afternoon. In a brief statement in response to press speculation, the commodities trader stated that it is not actively considering an offer for Kazakh mining company Eurasian Natural Resources Corporation (ENRC). The offi
Read moreHICL buys Scottish schools PPP projects
15th Jun 2011 12:19
Infrastructure investment company HICL Infrastructure said it has acquired an interest in the South Ayrshire Schools Public Private Partnerships project from subsidiaries of Carillion, Lloyds Banking Group and Cyril Sweett Group for £15.75m. HICL said the acquisition was funded from the company's
Read moreBritish banks face ring-fence between retail and investment arms
15th Jun 2011 10:36
British banks are to be forced to ring-fence their retail and investment operations. The idea is to protect high street bank customers losing their savings if investment bankers suffer heavy losses, as they did during the financial crisis of 2008. The Chancellor of the Exchequer, George Osborne, i
Read moreLondon close: Flat finish as Carnival and Imperial warn on profits
13th Jun 2011 17:07
Shares finished slightly higher on another choppy day for the FTSE 100, with bid-talk surrounding ENRC helping offset profit warnings from Imperial Tobacco and Carnival. Imperial Tobacco fell back after it slashed profit expectations for its Spanish business as competition in the country forced it
Read moreLloyds to axe more jobs
13th Jun 2011 14:58
Banking giant Lloyds is to axe another 15,000 jobs on top of the 28,000 that have already been shed. The latest job cuts come as part of a plan to save £1bn in costs. Lloyds is set to announce a strategic review at the end of the month. The Sunday Times reported that the plans were being implement
Read moreSector movers: Lloyds, Barclays pull banks higher
13th Jun 2011 14:44
The banking sector is in demand on Monday with blue chips Lloyds and Barclays among the notable risers. Lloyds is making gains amid speculation that it is planning to get rid of 15,000 jobs in an attempt to rein in costs. The Sunday Times reported that the plans were being implemented by its new he
Read moreFTSE 100 movers: ENRC, Glencore higher amid speculation
13th Jun 2011 14:16
Eurasian Natural Resources Corp (ENRC) has advanced on speculation that commodities trading house Glencore is drawing up a bid. The Sunday Times said that Glencore's Chief Executive Ivan Glasenberg has held talks in recent weeks with ENRC's three founders and key shareholders Alexander Mashkevitch,
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